Foundation / Corporation
Grants of $50,000 in non-dilutive funding to North Carolina businesses working in a range of hi-tech fields for start-up funding. Pre-proposals are due February 26. This grant program supports business activities that reduce risks usually associated with early-stage companies, validate target markets, and help companies get to the point of suitability for growth funding; be that crowd funding, angel or venture capital investment.
Companies selected will spend subsequent weeks after their award date working with NC IDEA to solidify an appropriate use of funds, milestones, and a timeline. Grant recipients will provide written and in-person progress report updates prior to the release of each tranche. Beyond grant funding, NC IDEA partners with grant recipients to provide advice and make introductions to its wide network of advisors, partners and investors. Grant recipients are also invited to participate in workshops and speaker sessions when NC IDEA LABS is in session.
When evaluating an NC IDEA SEED grant application, NC IDEA assesses the strengths and weaknesses of a company across the following areas:
-Size and significance of problem being addressed
-Benefits, strength and uniqueness of solution
-Stage of development
Market and Business Model
-Revenue and pricing models
-Size of market and market opportunity
-Number, size and strength of competitors
-Stage of development
-Quality of management team
-Experience of management team
-Completeness of management team
-Commitment of team
-Quality of advisors
Grant Request and Funding
-Use of grant funds
-Impact of grant funds
-Future funding potential
GrantWatch ID#: 145633
Each grant cycle, NC IDEA will select between 5-6 companies.
NC IDEA SEED provides $50,000 in non-dilutive funding to selected companies.
Grant funds will typically be released over the span of 6-12 months in four separate milestone-based tranches.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
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320 Blackwell Street
Suite 400, Durham, NC 27701
USA: North Carolina
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